Many seniors worry they will be unable to afford assisted living or memory care when they need it. Fortunately, there are ways to prepare financially for this transition years before it’s necessary. Longhorn Village in Austin, TX, provides exceptional life care services to look after the health and overall well-being of residents and shares advice for preparing your budget for assisted living.

3 Tips to Save for Assisted Living

1. Research Senior Living Centers Ahead of Time

Many people don’t move into senior housing until it's absolutely necessary, leaving little time to search for the right community. Some might relocate to a residence that’s too expensive because it’s the only accommodation available at that moment. If you choose the senior living community you want early, you will have time to prepare for the cost. You even can move in when it’s convenient for you, rather than waiting for an urgent situation.

2. Learn About Incentives

Some senior care centers offer bonuses to entice prospective residents, such as a waived move-in fee. Ask communities about incentives and payment plans. Some provide a percentage off your monthly living costs if you consistently pay on time or use an auto-pay account. Just ensure the assisted living community also provides continued care to eliminate the need to move to another location for essential services.

3. Choose the Services You Need

It’s typical for senior housing communities to have packages that include a living space, dining services, and other conveniences. However, if you don’t want every amenity, ask whether there’s a more cost-effective package that provides only the services you want.

Make the transition to senior care easier for you and your family by starting preparations now. By researching communities and their services and costs in advance, you can have your finances in order before you need assisted living. In Austin, TX, turn to Longhorn Village for exceptional senior housing opportunities and health care. Call (512) 266-5600 to arrange a tour and visit their website for further information. Check their Facebook page for updates and insight from their life care experts.